Dick Fuld, the former chief executive of Lehman, is criticised in the report which has taken a year to compile In what is likely to kick-start a series of costly and long-running court cases, the exhaustive investigation found that the two Wall Street banks demanded significant amounts of capital and extra guarantees in the run-up to Lehman's downfall – with JP Morgan Chase requesting $5bn (£3.3bn) just three days before Lehman's bankruptcy filing. At the same time, Lehman directors, including chairman Dick Fuld and former finance director Erin Callan, failed to disclose key practices, and certified misleading statements. The astonishing claims are made in a 2,200-page, nine-volume report written by court-appointed examiner Anton Valukas, which Judge James Peck admitted read "like a best seller".   Related Articles JP Morgan and Citigroup 'had part in Lehman failure' The explosive report also calls into question: • The use of accounting tactics designed to move $50bn from Lehman's balance sheet.[Read more...]